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Timberline Resources Corp. (TLRS) just unveiled an update.
Timberline Resources Corporation is set to merge with McEwen Mining Inc., with Timberline becoming a wholly owned subsidiary of McEwen. The merger terms dictate that Timberline shareholders will receive a portion of a McEwen share for each Timberline share they own, with fractional shares rounded up to whole numbers. The merger is contingent upon a number of conditions, including approval from Timberline’s stockholders and regulatory clearances. Timberline has also agreed to certain restrictions during the merger process, including limitations on seeking alternative acquisition proposals.
Learn more about TLRS stock on TipRanks’ Stock Analysis page.
